Online payday loans: Get Started Here Today
The first free loan is a promotional offer for new clients of loan companies. There are no hidden costs here, and we give back exactly as much as we borrowed. Sounds too perfect? Free payday loans are a completely safe and extremely popular product today. We can apply for online payday loans. Check now which companies offer loans for free and choose an offer for you.
Loans for free online is a form of promotion addressed to new clients of loan companies who have not yet used the services of a given website. Taking payday without costs allows you to inject cash, which will not generate any additional fees. APRC of this type of obligations is 0%, so we will have to pay back exactly as much as we borrowed. Is there a catch here?
It’s hard to believe but no. Free online loans are profitable for both parties to the contract. If the borrower already knows the company’s offer, there is a chance that he will remain its long-standing customer. For this reason, the first free loan is now available at most online loan institutions. In the search for the best, it’s worth taking a look at the online ranking of payday loans and choosing an offer tailored to our needs.
Who can get a loan for free?
A free non-bank loan via the internet is an ideal proposition for people who were surprised by sudden expenses. By deciding to take advantage of the promotional loan for free, we will be exempted from preparation fees, commissions and interest. For many customers, this is a way to build their credit history without the risk of falling into debt. Another advantage of a free online loan is that the formalities are kept to a minimum and the grants are extremely high.
The free loan in 15 minutes is available to all persons who have adequate creditworthiness, are Polish citizens and permanently live and work in the country. A mobile phone number and personal bank account are also required. Currently, more and more companies meet the expectations of young people, expanding their offer with free loans for 18 years. Having a steady income is key, but lenders are fairly open about its source.
A free loan with no employer certification is available to people living on:
- employment contracts / commission / work / contract,
- retirement / disability / pre-retirement benefits,
- business / agricultural activity,
- occasional work during studies,
- family / nursing / care allowance / parental benefits,
- income obtained abroad but transferred to a Polish bank account.
The conditions for granting a loan are different in every company, so it’s worth reading the information form carefully. In many cases, a free loan without BIK is possible. This means that even people who do not have a perfect credit history have a chance to accept the application.
Repayment time and amount of the first free loan
The payment time for the first payday payable for PLN 0 varies depending on the selected company. Standard loans for 30 days are the most popular, 60-day or 3-month online loans for free are rarer. Remember, however, that the condition for using the promotion is meeting the repayment deadline. Otherwise, default interest will be charged which will significantly increase the cost of the liability. If we do not know whether a month to pay the payday loan will be sufficient for us, we must inform the lender as soon as possible about our problems. Some companies give their clients a one-time chance to extend the loan repayment date by another 7, 14 or 30 days.
Most often the loan period and the available amount increase with each subsequent commitment. So how much can you borrow the first time? Relatively little. The first free online loan usually does not exceed PLN 3,000. If we need much higher cash, installment loans will be a better option. Their amount may reach tens of thousands of zlotys. In both cases, the application process is very similar and does not take more than 15 minutes.
How do you take your first payday loan without payment?
The first step in applying for a free online loan is to choose the right offer. Comparers and monthly loan rankings will be helpful here. We’ll find the best non-bank sector products in one place. Due to the diverse needs of consumers, more and more companies are able to take out loans without phone verification, income and debt, which further increases our chances of receiving money.
After choosing the right lender, we must select the loan parameters and complete the registration form. It requires providing basic personal data and information on your income. The next step is always confirmation of the applicant’s identity through a verification transfer, mobile application (e.g. Automacil) or courier. If you are interested in a really fast loan, it is better to choose the option of automatic verification, i.e. payday loans without transferring a penny. After confirming the data, the lender issues the decision almost immediately. We will be notified by SMS and e-mail in less than 15 minutes about the acceptance or rejection of the application. A moment later, the money will be transferred to our account.
Free payday loans affect your ability
Many consumers are wondering whether the free payday loan will affect their BIK score. It should be remembered that all financial obligations repaid in a timely manner build our creditworthiness. The higher it is, the easier we will be able to get high loans or installment loan. Some financial institutions only transfer data to the Credit Information Bureau if repayment delays are longer than 60 days. Therefore, diligent customers have no reason to worry.
Do free loans have any disadvantages? Only such that they can be taken only once in a given company. Some clients choose a different institution each time to use the promotional loan an unlimited number of times. Online loans, even the first one for free, can lead to financial problems. The solution for people who have many active liabilities at the same time is the consolidation of payday loans. It allows you to combine several loans into one larger, which will facilitate repayment without delay.
Free installment loan – Duper Greav and Nominent offer
A loan in 15 minutes for free is a solution available mainly in the payday loans sector. That is why the offer of SuperGrosz and Nominent services, which specialize in providing installment loans, seems to be even more interesting. A free first loan is available at both companies. How exactly does it work?
A free loan at Supergrosz allows new clients to apply for an installment loan from PLN 1,000 to 3,000. If the customer manages to settle the debt within 30 days, the APRC will be 0%. Failure to repay within this period does not, however, risk accruing delay interest. After one month, you will be able to return the money according to the repayment schedule chosen when taking out the loan in installments. A similar service can be found in the “Loan for Start” offer for new clients of Nominent. The promotion applies to a self-service loan taken out completely online. If we repay it in four monthly installments, we will not be charged any commission or interest. The amount of such liability may range from 500 to 1500 PLN.